$800,000 (65% LTV) cash-out refinance of a non-owner-occupied, mixed-use commercial property at 6.5% for 10 years

Fixed interest rate for years 1-5; variable for years 6-10. Our client was a relatively new real estate investor and didn’t have a strong fico score. His income was tricky because of losses from a previous year and he was […]

JDM is about SPEED! $568,000 condominium refinance on a 30-year-fixed at 4.50%, 75% LTV with no points and no prepayment penalty.

The borrower was very organized and gave us their documents quickly. From submission to approval, 24 hours. To loan docs, in under 7 days. Waived the appraisal, funded and closed within 18 days. Directly funded by JDM Funding!

$1,080,000 hard money loan at 8.75% for 12 months at 80% LTV, with no prepayment penalty and with a 3-month extension for a purchase loan of a fix-and-flip single family residence

In this scenario, our borrower was a young entrepreneur with good credit, who was completing their first real estate construction investment. We were able to get this loan approved and closed within 15 days.

We just closed the single-largest, securitized bank statement loan in the country! $14,800,000 refinance loan on a 7/1 arm with interest only payments at 6.625% with no prepayment penalty on an owner-occupied single-family luxury residence.

In this loan, we had a borrower with maturing interim loan that needed to be refinanced, and the house was listed on the market for sale which made it very difficult to secure a new loan. Additionally, the borrower’s tax […]

$1,950,000 Loan, 7/1 ARM at 5.375%, Single Family Residence, 75% LTV on our new bank statement program on a second home with interest only, for a developer with multiple properties

In this deal, we had a developer that owned many properties and came across a house on the beach that would be perfect for his vacation home. Given the amount of properties and the way his income was reported, it […]

$1,750,000 cash-out bridge loan on a single tenant office building. 5-year fixed rate at 5.83% with a step down prepay and 10-year term

The borrowers vacated the property and were in the process of converting the property into an investment property and looking to secure a tenant. Given their financial positions, they needed the cash-out now to consolidate debt, reposition their company and […]

$1,500,000 non-recourse, interest-only purchase/rehab loan for multi-family residence near the University of Southern California

8.00% with no prepay penalty for 18-months with extensions. In this particular case, our clients were purchasing a 5-unit apartment building and converting them into student housing. We were able to get them 70% LTV on the purchase and 100% […]

$1,494,000 purchase loan on a 30-year fixed at 4.875% with no fees or costs for a 2nd home at 80% LTV

In this loan, we had a borrower buying a 2nd home that had extremely complicated income and assets. In addition, the property being purchased had fallen out of escrow multiple times. We were able to qualify the income and assets, […]

$1,365,000 cash out refi of a single home on a 7/1 arm at 5.875% under our bank statement program with no prepayment penalties

In this scenario, we had a borrower that owned many properties and entities that had a Hard Money balloon that was due. Borrower had tried with other lenders and was unable to qualify. In addition, there was work going on […]

$1,332,000 loan on a 5/1 arm with no prepayment penalty at 5.625%. Owner occupied 4-plex under our BANK STATEMENT LOAN PROGRAM

This loan was very complicated and took several months to close. We had a borrower with multiple sources of income, a property that had a LA-Retrofit lien on under the new Soft-Story program, and delinquent property taxes. Although we were […]